Red Sea Mall wins ICSC Foundation award

The Red Sea Mall in Jeddah won a prestigious ICSC Foundation award at the Middle East and North Africa Retail and Shopping Center Awards 2018, held on Oct. 30 at The Ritz-Carlton, Dubai International Financial Centre.

The awards, organized by the International Council of Shopping Centers (ICSC) and the Middle East Council of Shopping Centers (MECSC), are designed to recognize the most successful retail centers, boost net operating income, and to design and develop shopping centers. An international committee composed of global and regional experts in the areas of shopping center development, and marketing and operational processes, has selected the winners of this year’s Middle East and North Africa Retail and Shopping Center Awards.

Mohammed Alasiri, marketing manager at Red Sea Mall, said: “We are extremely proud to win this valuable award, which underscores the effort exerted by everyone to achieve this excellence and uniqueness. This award will be added to the record of success that the center has achieved through the efforts of the team who have become experts in organizing campaigns and events that engage the community and set higher standards in marketing and entertainment, in line with the progress of the Saudi Vision 2030.”

He added: “The competition to win these awards has been great... we have surpassed many of our competitors and achieved this recognition for the great achievement which motivates us further to introduce programs and events that raise awareness among the community.”

King Abdullah Port throughput up by 36%

Updated 21 January 2019

Arab News

January 21, 2019 21:54

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The annual throughput of King Abdullah Port increased to 2,301,595 TEUs by the end of 2018, an increase of more than 36 percent compared to 2017. This maintains its position as the second largest port in the Kingdom in terms of container handling.

Since its inception in the last quarter of 2013 the number of containers handled by the port has reached 7,227,859 TEUs. The port’s management stated that the annual increase in throughput was primarily achieved in conjunction with an 8 percent increase in imports and exports compared to 2017.

King Abdullah Port CEO Rayan Qutub said: “King Abdullah Port constitutes a real success story in public-private sector partnerships in light of the increasingly outstanding figures it achieves year after year. The port has become the leading driver in the maritime shipping and logistics services sector in terms of building knowledge, launching initiatives and supporting various activities in this sector.”

He added: “King Abdullah Port aspires to support the Kingdom’s economic development and enhance its competitiveness by increasing the efficiency of logistics services and supporting trade movement between the Kingdom and the rest of the world in line with Vision 2030. The latter would occur through the provision of state-of-the-art infrastructure and advanced logistics services to become a landmark on the maritime and logistics services map in the Kingdom and the region.”

Referring back to the 2018 results, Qutub said: “We achieved a record 50 percent increase in container handling in the first half of 2018, and we are moving forward with our development plans to provide best practices in the fields of port development and operation as well as supporting logistical services. This will increase the Kingdom’s competitive advantage on the logistics services index, and in turn effectively contribute to achieving the logistical objectives of the Kingdom’s Vision 2030.”

The results achieved by King Abdullah Port in 2018 include an increase in transshipment volume reaching 1,847,569 TEUs, which is a 44 percent increase compared to 2017. Meanwhile, the number of vessels received by the port increased to 911 vessels, a 12 percent increase compared to 820 vessels in 2017.

The port features state-of-the-art facilities including 18-meter water berths, which are the deepest in the world, and the world’s largest and most advanced cranes, which employ the latest technology and feature a 65-ton lifting capacity as well as a handling capacity of 25 containers. Such facilities enable the port to serve giant container vessels now and in the future.